Use the Following Information to Answer the Questions
Twenty-Nine $\quad$

question 50

Multiple Choice

Use the following information to answer the Questions
Twenty-nine voters rank three candidates according to the following preference table. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of voters }$
$\begin{array} { l c c c c } & 3 & 9 & 8 & 9 \\\text { First choice } & \mathrm { C } & \mathrm { C } & \mathrm { A } & \mathrm { B } \\\text { Second choice } & \mathrm { B } & \mathrm { A } & \mathrm { B } & \mathrm { A } \\\text { Third choice } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { C }\end{array}$
-Which candidate wins using Hare's system?

• A) A
• B) B
• C) C
• D) There is no winner.

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Definitions:

Statutory Ratification

The process by which a legislative body formally approves an action, treaty, or agreement previously enacted or signed.

Overissued Shares

Stock shares that have been erroneously or unlawfully issued beyond the number authorized by the company's charter.

Debt

Money owed by one party (the debtor) to another (the creditor), typically arising from a transaction of financial borrowing.

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks.